Why Lucid Investors Should Expect Further Declines From LCID Stock

When Lucid Group (NASDAQ:LCID) stock listed, the company was being touted as a Tesla (NASDAQ:TSLA) killer. A few years down the line and Lucid is fighting for survival. Lucid stock has sharply corrected by 54% in the last 12 months. However, the correction does not make me believe that valuations are attractive for buying. I would stay away from an EV company that has weak fundamentals and a subdued growth outlook. This column discusses the reasons to remain bearish on Lucid from a fundamental perspective. ...